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Utilization of Additional Annual Contributions Subsidy by SUBJECT: Indian Housing Authorities for Home ownership Programs

1. PURPOSE. To describe the utilization of additional annual contributions by Indian Housing Authorities for home ownership programs.

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BACKGROUND. It has come to our attention that a mumber of Indian
Housing Authorities operating home ownership programs (either the
Home ownership Program for Low-Income Families (HOPLIF) or the
Mutual-Help Program) are administering their programs with deficits
and yet have not utilized the additional annual contributions sub-
sidy which is now available for families with four or more minors
or with unusually low income.

EXISTING POLICY. To the extent that HUD-approved administrative budgets require monthly payments in excess of what participants can afford to pay, the additional subsidy of up to $120 per year per dwelling unit can be requested in order to permit the project to operate on a solvent basis.

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2. Explanation of Material Transmitted:

This Handbook prescribes the accounting procedures to be used by the Alaska State Housing Authority to administer the loan and grant program in connection with housing and related facilities for Alaska natives and residents.

3. Filing Instructions:

File directly after RHA 7560.1.

DISTRIBUTION: W-1, W-2, W-3-1, I-1

Assistant Secretary for
Renewal and Housing Management

Law M. Co

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ALASKA REMOTE HOUSING HANDBOOK

RHM 7690.1

FOREWORD

This Handbook prescribes the accounting procedures to be followed by the Alaska State Housing Authority in connection with the loan and grant program for the development of housing and related facilities for Alaska natives and other Alaska residents; all such housing to be developed pursuant to Section 1004 of the Demonstration Cities and Metropolitan Development Act of 1966 and the "Loan and Grant Contract for Alaska Remote Housing Program" between HUD and the Alaska State Housing Authority.

The procedures prescribed herein do not include any provision for the accounting for the receipt and expenditure of funds provided by the State of Alaska for administrative costs incurred in connection with this program nor do they include accounts for recording the value of land, labor, and materials contributed by the receipients (herein referred to as participants) of loans and grants made by the Local Authority. Separate accounts which are not to be included in financial reports to be submitted to HUD (see Chapter 8) shall be used (a) to record administrative costs and to segregate and control funds received from the State of Alaska for this purpose and (b) to record the value of land, labor, and materials contributed by the participants. However, the procedures herein do include provisions for the accounting for loans and grants made by the Local Authority to eligible participants, and for grants and/or donations received by the Local Authority from the local government, private organizations, or others.

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